EquityStory.RS, LLC-News: PJSC MegaFon / Key word(s): AGM/EGM
Resolutions taken by the EGM
Moscow, Russian Federation (07 December 2018) - Public Joint Stock Company "MegaFon" (MoEx: MFON), a pan-Russian operator of digital solutions, ("MegaFon" or the "Company"), announces that MegaFon's Extraordinary General Shareholders' Meeting (EGM) at a meeting held by absentee voting on 06 December 2018 took the following resolutions:
To give consent to the interrelated interested party transactions: providing financing to MegaFon Finance LLC by the Company in the form of Revolver Loan Agreement between the Company (Lender) and MegaFon Finance LLC (Borrower) and/or the Company's contribution to the property / charter capital of MegaFon Finance LLC, or financing through any other way, as well as providing the Company's suretyship for performance of obligations of MegaFon Finance LLC under the bank guarantee to the extent and in the event MegaFon Finance LLC is required to make a mandatory tender offer.
As previously disclosed at: https://corp.megafon.com/investors/news/capital_market_releases/20181029-1701.html, on 16 October 2018 MegaFon Finance LLC acquired from MegaFon Investments (Cyprus) Limited, the Company's wholly-owned subsidiary, a total of 109,629,380 ordinary shares of the Company and 29,987,157 global depositary receipts representing such shares ("GDRs), representing accordingly 17.68% and 4.84% of MegaFon's share capital, which together with ordinary shares held by AF Telekom Holding LLC as its affiliate constitutes 74.00% and 4.84% of MegaFon's share capital, respectively.
If the GDRs currently held by MegaFon Finance LLC are cancelled and MegaFon Finance LLC receives the underlying ordinary shares, MegaFon Finance LLC, together with its affiliates, will acquire a number of ordinary shares, representing more than 75% of the total number of outstanding ordinary shares of MegaFon and in such case will be required to launch a mandatory tender offer for MegaFon's ordinary shares.
For More Information:
Investors: Dmitry Kononov Tel: + 7 926 200 6490 dkononov@MegaFon.ru
Notes to Editors
Cautionary Statement Regarding Forward Looking Statements
755461 07.12.2018 MSK